Buzzing Stock: Neogen Corporation (NASDAQ:NEOG)


As per the research groups listed in Thomson Reuters survey, Neogen Corporation (NASDAQ:NEOG), the stock can touch mean price target of $55.00 in coming period. This price target highlights the recommendations of leading experts in the market. Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.28 per share in looming quarter and $0.97 during current fiscal. Technical Forecast While evaluating Neogen Corporation on the technical side, it is seen that the firm’s shares price is at $2.15, which is +3.99% off 50-day MA of $53.82. The stock is $5.11, which is +10.04% off $50.86, which is 200-day MA of Neogen Corporation. MA here stands for moving average. Neogen Corporation (NASDAQ:NEOG) stock made a high of $62.70 in last 12-months while the lowest level in same period was $43.00. It entails if stock price makes a movement of over $-6.73, it will make a new 52-week high. In the case of $+30.16% points decline, it will touch a new 52-week low. Valuation Level The valuation of Neogen Corporation is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Neogen Corporation (NASDAQ:NEOG) P/E ratio is 58.30. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Neogen Corporation it stands at 3.82.

1 Chart Pattern Every Investor Should Know

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